Digilogic Systems Ltd. IPO

Digilogic Systems IPO is a book building SME issue of Rs. 81.01 crore, comprising a fresh issue of 0.67 crore equity shares aggregating to Rs. 69.68 crore and an offer for sale of 0.11 crore equity shares aggregating to Rs. 11.33 crore. The IPO opens for subscription on Tuesday, January 20, 2026 and closes on Thursday, January 22, 2026. The allotment is expected to be finalised on Friday, January 23, 2026, and the shares are proposed to be listed on the BSE SME platform with a tentative listing date of Wednesday, January 28, 2026.

The IPO is offered in a price band of Rs. 98 to Rs. 104 per share with a lot size of 1,200 shares. At the upper price band, the minimum investment for retail investors works out to Rs. 2,49,600 for 2 lots (2,400 shares), while HNI investors are required to apply for a minimum of 3 lots (3,600 shares), amounting to Rs. 3,74,400. Indorient Financial Services Ltd. is the Book Running Lead Manager to the issue, Kfin Technologies Ltd. is the Registrar, and Pace Stock Broking Services Private Limited is the Market Maker for the IPO.

🕗 Last Update: 15 January 2026, 6.00 AM

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IPO Snapshot

Particulars	Details
IPO Type	Book Building SME IPO
Issue Size	Rs. 81.01 Cr
Fresh Issue	63,09,596 shares (Ex Market Maker) (agg. up to Rs. 66 Cr)
Offer for Sale	10,89,600 shares (agg. up to Rs. 11.33 Cr)
Face Value	Rs. 2 per share
Price Band	Rs. 98 to Rs. 104
Lot Size	1,200 shares
Listing Platform	BSE SME
Market Cap (Pre-IPO)	To be declared
Total Issue Size	77,89,196 shares (agg. up to Rs. 81 Cr)
Market Maker Reservation	3,90,000 shares (agg. up to Rs. 4 Cr)

IPO Timetable (Tentative)

Event	Date
IPO Opens	Tue, Jan 20, 2026
IPO Closes	Thu, Jan 22, 2026
Allotment	Fri, Jan 23, 2026
Refunds	Tue, Jan 27, 2026
Credit of Shares	Tue, Jan 27, 2026
Listing	Wed, Jan 28, 2026

IPO Reservation Structure

Investor Category	Shares Offered	% of Issue
Market Maker	3,90,000	—
QIB	Not more than 50% of the Net Offer	—
NII (HNI)	Not less than 15% of the Net Offer	—
Retail (RII)	Not less than 35% of the Net Offer	—

IPO Lot Size & Investment Amount

Category	Lots	Shares	Amount (Rs.)
Retail (Min & Max)	2	2,400	2,49,600
S-HNI (Min)	3	3,600	3,74,400
S-HNI (Max)	8	9,600	9,98,400
B-HNI (Min)	9	10,800	11,23,200

Issue Management

Role	Name
Registrar	Kfin Technologies Ltd.
Market Maker	Pace Stock Broking Services Private Limited
Digilogic Systems Ltd. Address	#102, 1ST Floor, DSL Abacus Tech Park, Uppal Kalsa Village, Uppal Ma, Rangareddy, Rangareddi, Telangana, 500039
Phone / Email	+040 4547 4601 \| cs@digilogicsystems.com
Lead Manager	Indorient Financial Services Ltd.

About the business

Digilogic Systems Ltd. was incorporated in 2011 and is engaged in the design, development, integration, manufacturing, supply, and support of Automated Test Equipment (ATE) systems, radar and Electronic Warfare simulators, application software, and embedded signal processing solutions for the defence and aerospace engineering sector.

The company’s offerings are organised into three segments: (i) Test Systems, including ATE, checkout systems, and radar/EW simulators; (ii) Application Software, comprising data acquisition platforms and IP cores; and (iii) Services, covering system integration, upgrades, and lifecycle support.

The company provides specialised services in test, simulation, and embedded systems to support clients across defence and aerospace sectors, with limited application in industrial automation. It operates through two facilities: a 10,688 sq. ft registered office and corporate facility in Hyderabad, and a marketing office in Bangalore focused on business development and customer engagement.

Competitive Strengths

Key Strength	Commentary
Defence & Aerospace track record	Experience in delivering defence and aerospace systems
Collaborations	Strong industry relationships and international collaborations
End-to-end capability	Concept-to-deployment solution capabilities
Reusable platforms	Engineering reuse improves efficiency and delivery time
Leadership	Professional leadership with technical and industry expertise

Company Financials (Restated – Rs. Cr.)

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	64.53	72.57	35.55	35.49
Total Income	18.28	72.19	51.71	56.12
EBITDA	3.34	13.40	5.44	5.28
PAT	1.61	8.11	2.40	2.18
Net Worth	35.07	33.46	13.48	11.09
Reserves & Surplus	30.62	29.01	11.48	9.09
Total Borrowings	22.04	13.34	8.11	10.92

Key Performance Indicators (KPI)

KPI	Sep 30, 2025	Mar 31, 2025
ROE	4.71%	34.57%
ROCE	4.71%	34.27%
Debt / Equity	0.63	0.40
RoNW	4.71%	34.57%
PAT Margin	8.87%	11.26%
EBITDA Margin	18.39%	18.60%

Valuation Snapshot

Particulars	Pre-IPO	Post-IPO
Promoter Holding	88.50%	—

Objects of the Issue

No.	Object	Amount (Rs. Cr.)
1	Capital expenditure towards setting up of proposed new facility	51.74
2	Pre-payment / re-payment (in part or full) of certain outstanding borrowings	8.00
3	General corporate purpose	Balance

Promoters

The promoters of the company are Mr. Madhusudhan Varma Jetty, Mrs. Radhika Varma Jetty, Mr. Shashank Varma Jetty and Mr. Hitesh Varma Jetty.

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000
digilogic.ipo@kfintech.com
Visit Website

IPO Lead Manager(s)

Indorient Financial Services Ltd. (Past IPO Performance)

Contact Details

Digilogic Systems Ltd. Address
#102, 1ST Floor
DSL Abacus Tech Park Uppal Kalsa Village
Uppal Ma, Rangareddy
Rangareddi, Telangana, 500039
+040 4547 4601
cs@digilogicsystems.com

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